Kuwait Real GDP Growth

2010 - 2020 | Quarterly | % | CEIC Data

Key information about Kuwait Real GDP Growth

  • The Gross Domestic Product (GDP) in Kuwait expanded 4.7 % YoY in Dec 2020, following a growth of 0.4 % in the previous quarter.
  • Real GDP Growth YoY data in Kuwait is updated quarterly, available from Jun 2010 to Dec 2020, with an average rate of -0.7 %.
  • The data reached an all-time high of 13.5 % in Dec 2010 and a record low of -12.6 % in Jun 2020.
CEIC calculates quarterly Real GDP Growth from quarterly Real GDP. Central Statistical Bureau provides Real GDP in local currency, at 2010 prices.


Related information about Kuwait Real GDP Growth

  • In the latest reports, Nominal GDP of Kuwait reached 28.0 USD bn in Dec 2020.
  • Its GDP deflator (implicit price deflator) fell 10.1 % in Dec 2020.
  • GDP Per Capita in Kuwait reached 22,682.6 USD in Dec 2020.
  • Its Gross Savings Rate was measured at 31.1 % in Dec 2019.
  • For Nominal GDP contributions, Investment accounted for 25.0 % in Dec 2019.
  • Public Consumption accounted for 25.2 % in Dec 2019.
  • Private Consumption accounted for 41.4 % in Dec 2019.

View Kuwait's Real GDP Growth from Jun 2010 to Dec 2020 in the chart:

Kuwait Real GDP Growth

What was Kuwait's Real GDP Growth in Dec 2020?

The Gross Domestic Product (GDP) in Kuwait expanded 4.7 % YoY in Dec 2020, following a growth of 0.4 % in the previous quarter. See the table below for more data.

Last Previous Min Max Unit Frequency Range
4.7 Dec 2020 0.4 Sep 2020 -12.6 Jun 2020 13.5 Dec 2010 % quarterly Jun 2010 - Dec 2020

Real GDP Growth by Country Comparison

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country/region Last Frequency Range
Albania (%) 6.0 Mar 2022 quarterly Mar 2010 - Mar 2022
Algeria (%) 3.1 Dec 2021 quarterly Mar 2012 - Dec 2021
Argentina (%) 6.1 Mar 2022 quarterly Mar 2005 - Mar 2022
Armenia (%) 8.6 Mar 2022 quarterly Mar 2001 - Mar 2022
Australia (%) 3.3 Mar 2022 quarterly Sep 1960 - Mar 2022
Austria (%) 8.7 Mar 2022 quarterly Mar 1989 - Mar 2022
Azerbaijan (%) 6.8 Mar 2022 quarterly Mar 2001 - Mar 2022
Bahrain (%) 5.5 Mar 2022 quarterly Mar 2009 - Mar 2022
Bangladesh (%) 7.2 2022 yearly 2007 - 2022
Belarus (%) 1.1 Dec 2021 quarterly Mar 2006 - Dec 2021
Belgium (%) 4.9 Mar 2022 quarterly Mar 1996 - Mar 2022
Bolivia (%) 0.2 Dec 2021 quarterly Mar 1991 - Dec 2021
Bosnia and Herzegovina (%) 5.5 Mar 2022 quarterly Mar 2009 - Mar 2022
Botswana (%) 7.0 Mar 2022 quarterly Mar 1995 - Mar 2022
Brazil (%) 1.5 Mar 2022 quarterly Mar 1997 - Mar 2022
Brunei (%) -1.4 Dec 2021 quarterly Mar 2005 - Dec 2021
Bulgaria (%) 4.0 Mar 2022 quarterly Mar 1996 - Mar 2022
Cambodia (%) 3.0 2021 yearly 1994 - 2021
Canada (%) 2.9 Mar 2022 quarterly Mar 1962 - Mar 2022
Chile (%) 6.9 Mar 2022 quarterly Mar 1987 - Mar 2022
China (%) 0.4 Jun 2022 quarterly Mar 1992 - Jun 2022
Colombia (%) 8.2 Mar 2022 quarterly Mar 2001 - Mar 2022
Croatia (%) 7.0 Mar 2022 quarterly Mar 1996 - Mar 2022
Cyprus (%) 5.6 Mar 2022 quarterly Mar 1996 - Mar 2022
Czech Republic (%) 4.9 Mar 2022 quarterly Mar 1996 - Mar 2022
Denmark (%) 6.2 Mar 2022 quarterly Mar 1992 - Mar 2022
Ecuador (%) 4.9 Dec 2021 quarterly Mar 1994 - Dec 2021
Egypt (%) 5.4 Mar 2022 quarterly Sep 2002 - Mar 2022
Estonia (%) 4.7 Mar 2022 quarterly Mar 1996 - Mar 2022
European Union (%) 4.0 Jun 2022 quarterly Mar 1996 - Jun 2022
Finland (%) 3.8 Mar 2022 quarterly Mar 1976 - Mar 2022
France (%) 4.2 Jun 2022 quarterly Mar 1950 - Jun 2022
Georgia (%) 14.9 Mar 2022 quarterly Mar 1998 - Mar 2022
Germany (%) 1.5 Jun 2022 quarterly Mar 1992 - Jun 2022
Ghana (%) 0.9 Mar 2022 quarterly Jun 2006 - Mar 2022
Greece (%) 7.0 Mar 2022 quarterly Mar 1996 - Mar 2022
Hong Kong SAR, China (%) -4.0 Mar 2022 quarterly Mar 1991 - Mar 2022
Hungary (%) 8.0 Mar 2022 quarterly Mar 1996 - Mar 2022
Iceland (%) 7.3 Mar 2022 quarterly Mar 1996 - Mar 2022
India (%) 4.1 Mar 2022 quarterly Jun 2005 - Mar 2022
Indonesia (%) 5.4 Jun 2022 quarterly Mar 1994 - Jun 2022
Iran (%) 7.2 Dec 2021 quarterly Jun 1989 - Dec 2021
Ireland (%) 10.0 Dec 2021 quarterly Mar 1996 - Dec 2021
Israel (%) 9.0 Mar 2022 quarterly Mar 1996 - Mar 2022
Italy (%) 4.5 Jun 2022 quarterly Mar 1982 - Jun 2022
Ivory Coast (%) 6.5 2021 yearly 1966 - 2021
Japan (%) 0.7 Mar 2022 quarterly Mar 1956 - Mar 2022
Jordan (%) 2.5 Mar 2022 quarterly Mar 1993 - Mar 2022
Kazakhstan (%) 3.3 Mar 2022 quarterly Mar 2006 - Mar 2022
Kenya (%) 7.2 Mar 2022 quarterly Mar 2010 - Mar 2022
South Korea (%) 2.9 Jun 2022 quarterly Mar 1961 - Jun 2022
Kosovo (%) 4.9 Mar 2022 quarterly Mar 2011 - Mar 2022
Kuwait (%) 4.7 Dec 2020 quarterly Jun 2010 - Dec 2020
Kyrgyzstan (%) 4.5 Mar 2022 quarterly Mar 2007 - Mar 2022
Laos (%) 3.5 2021 yearly 2003 - 2021
Latvia (%) 2.5 Jun 2022 quarterly Mar 1996 - Jun 2022
Lebanon (%) -25.9 2020 yearly 2005 - 2020
Lithuania (%) 4.8 Dec 2021 quarterly Jun 1995 - Dec 2021
Luxembourg (%) 4.0 Mar 2022 quarterly Mar 1996 - Mar 2022
Macau SAR, China (%) -8.9 Mar 2022 quarterly Mar 2002 - Mar 2022
North Macedonia (%) 2.4 Mar 2022 quarterly Mar 2001 - Mar 2022
Malawi (%) 4.0 2018 yearly 2003 - 2018
Malaysia (%) 5.0 Mar 2022 quarterly Mar 2001 - Mar 2022
Malta (%) 7.6 Mar 2022 quarterly Mar 2001 - Mar 2022
Mauritius (%) 6.2 Dec 2021 quarterly Mar 2001 - Dec 2021
Mexico (%) 1.8 Mar 2022 quarterly Mar 1981 - Mar 2022
Moldova (%) 1.1 Mar 2022 quarterly Mar 1996 - Mar 2022
Mongolia (%) -3.8 Mar 2022 quarterly Mar 2011 - Mar 2022
Montenegro (%) 7.2 Mar 2022 quarterly Mar 2011 - Mar 2022
Morocco (%) 0.3 Mar 2022 quarterly Mar 2008 - Mar 2022
Mozambique (%) 2.0 Dec 2018 quarterly Jun 2007 - Dec 2018
Myanmar (%) -5.9 2021 yearly 2011 - 2021
Nepal (%) -6.5 Jun 2021 quarterly Dec 2004 - Jun 2021
Netherlands (%) 6.6 Mar 2022 quarterly Mar 1997 - Mar 2022
New Zealand (%) 0.4 Mar 2022 quarterly Jun 1983 - Mar 2022
Nigeria (%) 3.1 Mar 2022 quarterly Mar 2011 - Mar 2022
Norway (%) 3.7 Mar 2022 quarterly Mar 1979 - Mar 2022
Oman (%) -3.2 2020 yearly 1999 - 2020
Pakistan (%) 6.2 2022 yearly 2001 - 2022
Palestinian Territory (%) -3.1 Mar 2022 quarterly Jun 2011 - Mar 2022
Panama (%) 13.6 Mar 2022 quarterly Mar 2008 - Mar 2022
Paraguay (%) -2.0 Mar 2022 quarterly Mar 1995 - Mar 2022
Peru (%) 3.8 Mar 2022 quarterly Mar 1981 - Mar 2022
Philippines (%) 8.2 Mar 2022 quarterly Mar 1999 - Mar 2022
Poland (%) 9.2 Mar 2022 quarterly Mar 1996 - Mar 2022
Portugal (%) 1.8 Jun 2019 quarterly Mar 1996 - Jun 2019
Qatar (%) 2.5 Mar 2022 quarterly Mar 2012 - Mar 2022
Romania (%) 6.4 Mar 2022 quarterly Mar 1996 - Mar 2022
Russia (%) 3.3 Mar 2022 quarterly Mar 1996 - Mar 2022
Saudi Arabia (%) 11.8 Jun 2022 quarterly Mar 2011 - Jun 2022
Serbia (%) 4.5 Sep 2019 quarterly Mar 1997 - Sep 2019
Singapore (%) 4.8 Jun 2022 quarterly Mar 1976 - Jun 2022
Slovakia (%) 3.0 Mar 2022 quarterly Mar 1994 - Mar 2022
Slovenia (%) 9.6 Mar 2022 quarterly Mar 1996 - Mar 2022
South Africa (%) 2.9 Mar 2022 quarterly Mar 1961 - Mar 2022
Spain (%) 6.3 Jun 2022 quarterly Mar 1996 - Jun 2022
Sri Lanka (%) -1.6 Mar 2022 quarterly Mar 2011 - Mar 2022
Sudan (%) -1.6 2020 yearly 1983 - 2020
Sweden (%) 4.2 Jun 2022 quarterly Mar 1982 - Jun 2022
Switzerland (%) 4.5 Mar 2022 quarterly Mar 1966 - Mar 2022

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Kuwait Key Series

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Includes 178 key indicators for Kuwait, curated by CEIC analysts. Instant access to full history data in excel.
Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -9.6 2019 yearly 1988 - 2019
Consolidated Fiscal Balance (USD mn) -35,254.149 2020 yearly 1988 - 2020
Tax Revenue (USD mn) 128.142 Dec 2015 monthly Sep 2003 - Dec 2015
Tax Revenue: % of GDP (%) 1.5 2020 yearly 1986 - 2020
National Government Debt (USD mn) 1,635.9 May 2022 monthly Dec 1993 - May 2022
Government Debt: % of GDP (%) 3.2 Dec 2020 quarterly Dec 2010 - Dec 2020
Forecast: Government Expenditure (KWD bn) 24.751 2027 yearly 1990 - 2027
Forecast: Government Net Debt (KWD bn) 13.132 2027 yearly 1991 - 2027
Forecast: Government Revenue (KWD bn) 28.437 2027 yearly 1990 - 2027
Government Expenditure: ytd: Purchases of Non Financial Assets (KWD mn) 1,402.323 Feb 2022 monthly Apr 2018 - Feb 2022
Government Revenue: ytd: Non Oil (KWD mn) 1,711.965 Feb 2022 monthly Apr 2018 - Feb 2022
Government Revenue: ytd: Non Oil: Tax and Fees (KWD mn) 383.685 Feb 2022 monthly Apr 2018 - Feb 2022
Government Expenditure: ytd (KWD mn) 16,380.557 Feb 2022 monthly Apr 2018 - Feb 2022
Government Revenue: ytd (KWD mn) 15,979.052 Feb 2022 monthly Apr 2018 - Feb 2022
Government Fiscal Balance: ytd (KWD mn) -401.505 Feb 2022 monthly Apr 2018 - Feb 2022
Government Expenditure: ytd: Current (KWD mn) 14,978.234 Feb 2022 monthly Apr 2018 - Feb 2022
Government Revenue (KWD mn) 13,633.900 2016 yearly 1987 - 2016
Government Revenue: Tax (KWD mn) 486.000 2016 yearly 1987 - 2016
Government Expenditure: Capital (KWD mn) 226.000 2016 yearly 1989 - 2016
Government Expenditure (KWD mn) 18,245.900 2016 yearly 1989 - 2016
Government Expenditure: Current (KWD mn) 12,125.900 2016 yearly 1989 - 2016
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 2.861 2027 yearly 1980 - 2027
Trade Balance (USD mn) 1,817.0 Mar 2021 monthly Jan 1993 - Mar 2021
Total Exports (USD mn) 5,006.5 Mar 2021 monthly Jan 1993 - Mar 2021
Total Exports Growth (%) 61.8 Mar 2021 monthly Jan 1994 - Mar 2021
Aluminum: Exports (USD th) 20,167.163 2021 yearly 1995 - 2021
Exports: Medicament (USD th) 51,195.339 2021 yearly 1995 - 2021
Exports: Medicinal and Pharmaceutical Product (USD th) 2,928.186 2021 yearly 1995 - 2021
Total Imports (USD mn) 3,189.5 Mar 2021 monthly Jan 1992 - Mar 2021
Total Imports Growth (%) 27.7 Mar 2021 monthly Jan 1993 - Mar 2021
Imports: Medicament (USD th) 1,073,023.230 2021 yearly 1995 - 2021
Imports: Medicinal and Pharmaceutical Product (USD th) 371,521.020 2021 yearly 1995 - 2021
Total Exports to USA (USD mn) 1.157 Apr 2022 monthly Jan 1973 - Apr 2022
Total Imports from USA (USD mn) 266.038 Mar 2021 monthly Jan 2017 - Mar 2021
Total Exports to China (USD mn) 27.186 Mar 2021 monthly Jan 2017 - Mar 2021
Total Imports from China (USD mn) 505.174 Mar 2021 monthly Jan 2017 - Mar 2021
Trade Balance: Quarterly (KWD mn) 2,789.603 Dec 2018 quarterly Mar 1973 - Dec 2018
Exports: SITC: Other Manufactured Articles (KWD mn) 36.800 Sep 2018 quarterly Sep 2014 - Sep 2018
Exports: SITC: Food and Live Animals (KWD mn) 39.900 Sep 2018 quarterly Sep 2014 - Sep 2018
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 2,366.0 Sep 2021 quarterly Mar 2012 - Sep 2021
Current Account Balance (USD mn) 8,665.0 Sep 2021 quarterly Mar 2012 - Sep 2021
Current Account Balance: % of GDP (%) 0.5 Dec 2020 quarterly Mar 2012 - Dec 2020
Foreign Direct Investment (USD mn) 94.4 Sep 2021 quarterly Mar 2012 - Sep 2021
Foreign Direct Investment: % of GDP (%) -1.4 Dec 2020 quarterly Mar 2012 - Dec 2020
Foreign Portfolio Investment (USD mn) 506.970 Sep 2021 quarterly Mar 2012 - Sep 2021
Foreign Portfolio Investment: % of GDP (%) 3.1 Dec 2020 quarterly Mar 2012 - Dec 2020
Foreign Portfolio Investment: Equity Securities (USD mn) 20.2 Dec 2021 quarterly Mar 2012 - Dec 2021
Foreign Portfolio Investment: Debt Securities (USD mn) 60.570 Dec 2021 quarterly Mar 2012 - Dec 2021
External Debt (USD mn) 58,787.1 Dec 2021 quarterly Mar 2018 - Dec 2021
External Debt: % of GDP (%) 50.5 2020 yearly 2014 - 2020
Forecast: Current Account Balance (USD bn) 34.812 2027 yearly 1980 - 2027
Net International Investment Position (USD mn) 99,111.738 2020 yearly 2001 - 2020
BoP: FA: OT: Liabilities (KWD mn) 1,389.000 Sep 2018 quarterly Mar 2012 - Sep 2018
BoP: FA: Portfolio Investment: Liabilities (KWD mn) 10.000 Sep 2018 quarterly Mar 2012 - Sep 2018
BoP: Capital Account: Debit (KWD mn) 5.000 Sep 2018 quarterly Mar 2012 - Sep 2018
BoP: CA: Secondary Income: Credit (KWD mn) 0.000 Sep 2018 quarterly Mar 2012 - Sep 2018
BoP: CA: Debit (KWD mn) 0.000 Sep 2018 quarterly Mar 2012 - Sep 2018
BoP: FA: Reserve Assets: Central Bank of Kuwait (CBK) (KWD mn) 448.000 Sep 2018 quarterly Mar 2012 - Sep 2018
BoP: FA: Portfolio Investment: Assets (KWD mn) -1,260.000 Sep 2018 quarterly Mar 2012 - Sep 2018
BoP: FA: Financial Derivatives: Assets (KWD mn) -36.000 Sep 2018 quarterly Mar 2012 - Sep 2018
BoP: FA: Financial Derivatives: Liabilities (KWD mn) 40.000 Sep 2018 quarterly Mar 2012 - Sep 2018
BoP: Net Errors and Omissions (KWD mn) 493.000 Sep 2018 quarterly Mar 2012 - Sep 2018
BoP: FA: OT: Assets (KWD mn) -2,795.000 Sep 2018 quarterly Mar 2012 - Sep 2018
BoP: FA: Other Investments (OT) (KWD mn) -1,407.000 Sep 2018 quarterly Mar 2012 - Sep 2018
BoP: CA: Primary Income: Debit (KWD mn) 0.000 Sep 2018 quarterly Mar 2012 - Sep 2018
BoP: FA: Portfolio Investment: Liabilities: Debt Instruments (KWD mn) 0.000 Sep 2018 quarterly Mar 2012 - Sep 2018
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 1.9 Sep 2021 quarterly Mar 2017 - Sep 2021
Household Debt: % of GDP (%) 1.7 Dec 2020 quarterly Dec 2010 - Dec 2020
Money Supply M1 (USD mn) 43,468.346 May 2022 monthly Jan 1994 - May 2022
Money Supply M2 (USD mn) 136,002.617 May 2022 monthly Jan 1994 - May 2022
M2 Growth (%) 8.1 May 2022 monthly Jan 1995 - May 2022
Foreign Exchange Reserves (USD mn) 43,841.8 May 2022 monthly Jan 1964 - May 2022
Foreign Exchange Reserves: % of GDP (%) 42.914 Dec 2020 quarterly Dec 2010 - Dec 2020
Foreign Exchange Reserves: Months of Import (NA) 14.1 Dec 2021 quarterly Mar 1973 - Dec 2021
Gold Reserves (USD mn) 103.851 May 2022 monthly Dec 1961 - May 2022
Total Deposits (USD mn) 153,790.283 May 2022 monthly Jan 1994 - May 2022
Total Deposits Growth (%) 7.5 May 2022 monthly Jan 1995 - May 2022
Domestic Credit (USD mn) 129,384.6 May 2022 monthly Jan 1994 - May 2022
Domestic Credit Growth (%) 13.8 May 2022 monthly Jan 1995 - May 2022
Household Debt (USD mn) 2,105.0 Jun 2022 monthly Jan 2002 - Jun 2022
Total Loans (USD mn) 146,673.646 May 2022 monthly Jan 1994 - May 2022
Total Loans Growth (%) 11.12 May 2022 monthly Jan 1995 - May 2022
Private Debt: % of Nominal GDP (%) 119.16 Dec 2020 quarterly Dec 2010 - Dec 2020

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